Updated: Jul 03, 2026
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1. The term used in the Real Estate Settlement Procedure Act (RESPA), that describes a situation in which a person must use a particular provider for settlement services in order to have access to some distinct service or property, is known as
A) tied benefits.
B) anti-kickback.
C) required use.
D) bundled services.
2. When insuring a mortgage where there are intervening liens that prevent the lender from holding first lien priority, such other liens may be
A) subrogated to the lien of the insured mortgage.
B) subordinated to the lien of the subject mortgage.
C) restricted to the lien of the subject mortgage.
D) waived to the lien of the subject mortgage.
3. A real estate interest that passes at death by operation of law to the surviving title holder is known as
A) tenancy in common.
B) joint tenancy.
C) fee simple estate.
D) real estate contract interest.
4. An insurer charges a higher premium for insurance because of someone's race, marital status, or age. This is an example of
A) rebating.
B) illegal inducement.
C) unfair coercion.
D) unfair discrimination.
5. To satisfy a mortgage of record, which of the following must be filed?
A) an original note
B) a payoff statement
C) a mortgage satisfaction
D) a certified copy of original mortgage
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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